HERE ARE THE 7 WAYS TO KNOW BEFORE BUYING OR INVESTING IN ANY REAL ESTATE AS A INNVESTMENT WITH YOUR HARD EARNED MONEY
7 THINGS TO KNOW -
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Title Verification: Before purchasing any land or property in India, it's crucial to verify the ownership title. Engage a knowledgeable real estate lawyer to conduct a meticulous investigation of the property's title documents, ensuring it is free from any legal disputes or discrepancies. GET KNOWLEDGE ABOUT INVESTMENT
Land Use and Zoning -Understanding the land's designated use and zoning regulations is essential. Collaborate with a qualified lawyer who can guide you through local laws and regulations, ensuring the property aligns with your intended purpose, whether residential, commercial, or agricultural.
Encumbrances and Liens: Identify any encumbrances, mortgages, or liens that may affect your ownership rights. A skilled lawyer will perform a thorough search to uncover any existing legal obligations, protecting you from potential financial or legal burdens.
Regulatory Approvals: Verify if the property has obtained all necessary regulatory approvals from local authorities. A competent lawyer will review permits, clearances, and certificates to ensure compliance with legal requirements, avoiding any future complications.
Property Documentation: Carefully scrutinize all legal documents associated with the property. Engage a reliable lawyer to review the sale deed, conveyance deed, agreement of sale, possession letter, and other relevant documents, ensuring accuracy and safeguarding your interests.
Property Taxes and Dues: Assess any outstanding property taxes, maintenance fees, or other dues linked to the property. Seek guidance from a seasoned lawyer who can help evaluate financial liabilities and provide advice on fulfilling necessary payments.
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